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Blaise Pascal constructed the first known hydraulic device.
Accounts Receivable
Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.
Accounts Receivable
Money owed by customers to a company for goods or services provided on credit.
Notes Receivable
A customer’s written promise to pay an amount and possibly interest at an agreed-upon rate.
Allowance Method
The method of accounting for uncollectible accounts that provides an expense for uncollectible receivables in advance of their write-off.
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